The EOS Network appears to be under another malicious attack as an alleged arbitrator tries to steal users’ account information by forcing them to participate in a fake arbitration process.
It is no news that the EOS network has incurred losses due to numerous attacks. Its latest reported attack is the phishing attempt seen by the users of the network. The network had received demands from an alleged arbitrator demanding that users take part in an ongoing arbitration process.
EOS Network under Another Attack
According to the users, tens of thousands of those messages had been received with the sender demanding that they participate in a process that could force them to part with their accounts and funds.
According to users, it was viewed as a legitimate message at first but as what began as a simple notification dropped became a torrent of messages, it gave the attacker away. The fake notification gave the appearance of being legitimate as it mirrored the original notices sent out by the ECAF on the network.
One user claimed that once a user fall victim to this attack, the attacker could go forward to ask for the private keys of the user, thus, gaining access to the account. Though the network had seen the torrent of messages, there are, however, no reports as to whether any user had fallen prey to the phishing campaign.
As EOS Network Faces More Battles
The EOS network appears to be a honey pot for hackers and malicious users as it faces setbacks due to attacks. A recent report by cyber security company, PeckShield indicated that the network had lost over 400,000 EOS to these attacks.
The phishing attack marks another security breach over the network. However, it is presumed that the issue will be solved soon as users expect the block producers “active on telegram” to “shut it down soon.”